Borusan Automotive Cluster obtained a Green Financing loan for the second time.
Borusan Automotive Cluster, which obtained a loan of 25 million Euros with a 3-year maturity from ING and 8 million Euros with a 1-year maturity from Turkish İktisat Bank, announced that it has reached a total of 78 million Euros of green financing so far. In its statement, the company noted that all of the loans in question will be used only for the financing of purely electric and hybrid cars within the scope of its sustainability strategy.
Borusan Automotive Cluster Executive Board Leader Hakan Tiftik said in a statement about the bet, “Within the framework of our electrification goal, we plan to increase the share of electric cars in our sales to 75 percent for BMW and SMALL, and to 70 percent for Jaguar Land Rover Cluster, by 2030.” said.
Reminding that they completed the sector’s first Green Financing process in 2021, Tiftik said, “We have increased our Green Financing loan to the level of 78 million Euros last year and at the prices we have now obtained. Balancing the negative effects of climate change in a low-carbon future, accelerating the transition to new generation transportation systems, and expanding sustainable transportation options. This financing is of vital importance to our company. We will use the Green Financing we provide to finance all electric and hybrid cars of Borusan Automotive Cluster brands.” said.